President Barack Obama told the nation on Tuesday night that he wants American workers to carry their retirement savings with them wherever their career path leads. But he didn't mention what should happen if they take their savings to a financial adviser.
Through its queries to financial advisers, the regulator is asserting its presence in an area normally associated with the Labor Department.
Group also suggested a pool of arbitrators be trained to conduct expungement hearings, but didn't touch the mandatory aspect of arbitration.
Broker-dealer agrees to a $1.4 million fine and will return investor money on approximately 2,000 sales of nontraded REITs. Firm also settles with states regarding leveraged ETFs.
Advisers were pleasantly surprised by the tax package that will provide them more certainty when planing long-term for clients.
Fund industry worries about fallout from results of SEC exam sweep on distribution fees.
New bipartisan legislation would quash a Labor Department proposal to strengthen investment advice standards for retirement accounts.
The author of legislation that would halt the Labor Department's fiduciary rule anticipates the measure will make it at least to the House floor.
Claims against Justin Amaral include liquidating and acquiring annuities for victim by forging her signature.
In a victory for proponents of the rule, legislators' policy riders that would have prevented or delayed the regulation did not make it into the massive must-pass spending bill.
